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Macau casino entrepreneur Stanley Ho to retire

George Miller
May 3, 2019
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Stanley Ho, the casino entrepreneur in Macau, is going to officially retire from his role as Chairman of Sociedade de Turismo e Diversoes de Macau (STDM). He has suffered a stroke recently. Ian Fok, son of tycoon Henry Fok, will take over as Chairman of the company.

He has 17 children from four different partners. Stanley Ho’s daughter, Pansy, and the Fok Foundation own a total of 53% of STDM and 31% of Macau International Airport. Ho has amassed 54% of casino operator SJM Holdings, which is owned by STDM. SJM is one of six companies authorised to operate casinos in Macau.

STDM was established by Ho and his business partners in 1962 and initially won the contract for Macau’s gambling monopoly.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Macau casino entrepreneur Stanley Ho to retire

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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Expertise & Evolution – More Than Just News

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